Renovated Two-Residence
For Sale
$360,000
5201 Grande Dr NW, Albuquerque, NM 87107
Attached residences offer separate entrances, individual utility meters, and distinct bedroom configurations.
Property Size1,898 SF
Price / SF$189.67
Days on Market75
Property Features for 5201 Grande Dr NW
General Information
Standard status
Active
Size
1,898 SF
Property subtype
Multi-Family
Site & Location
Neighborhood
Sgt
Utilities to Site
Yes
Units
Unit Mix
1 x 2BR/1BA, 1 x 3BR/1BA
Multifamily Units
2
Amenities
gated side yard
Building Details
Year Built
1941
Year Renovated
2021
Buildings
1
Listing Agency:
EXP Realty LLC
Listed By:
The Southwest Life ReGroup
(505) 307-1129
Source:
Thesouthwestlife
Added: Aug 17
Changed: Oct 25
Last Checked: Oct 7 at 3:55PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of EXP Realty LLC
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Investment Insights
Based on property information with market context.
This 1,898-square-foot duplex contains two attached residences, each with its own entrance and separate gas and electric metering. The front unit includes 2 bedrooms, 1 full bath, and wood flooring, while the rear unit provides 3 bedrooms, 1 bath, and an expansive living area. A gated side yard adds outdoor space and connects to the backyard.
Renovations completed in 2021 included a new roof, electrical improvements, flooring, and additional updates. Built in 1941, the property is positioned in Albuquerque’s North Valley with access to Downtown Albuquerque, shopping, dining, and other area amenities.
Renovations completed in 2021 included a new roof, electrical improvements, flooring, and additional updates. Built in 1941, the property is positioned in Albuquerque’s North Valley with access to Downtown Albuquerque, shopping, dining, and other area amenities.
Key Highlights
- Two attached residences totaling 1,898 square feet
- Separate entrances and individual gas and electric meters
- Front residence includes 2 bedrooms, 1 full bath, and wood floors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,326
Cap Rate
4.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$346,520
$346.5K
Cap Rate 7%
$247,514
$247.5K
Cap Rate 9%
$192,511
$192.5K
Market Conditions
NOI Build-Up for 1,898 SF
Gross rent
$26.2K $13.80/SF
− Vacancy
−$1.4K −$0.76/SF
EGI
$24.8K $13.04/SF
− OpEx
−$7.4K −$3.91/SF
NOI
$17.3K $9.13/SF
Area
Albuquerque, NM
Vacancy
5.50%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$346,520
Cap Rate 7%
$247,514
Cap Rate 9%
$192,511
Alternative Uses
Best Use
Multifamily LT 5
$247.5K
$216.6K – $288.8K
NOI $17,326 @ 7.0% cap · market cap 4.81%
Second Best
Apartment 5plus
$229.0K
$200.4K – $267.2K
NOI $16,032 @ 7.0% cap · market cap 4.45%
Theoretical Best
Office A
$459.2K
$401.8K – $535.7K
NOI $32,141 @ 7.0% cap · market cap 8.93%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
644
Businesses Nearby
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Business Placement
Demographics for 87107, NM
30,340
Population
13,441
Households
2.3
Avg Household Size
44
Median Age
39%
College-Educated
92%
High-School Grad
14.6 sq mi
ZIP Area
2,078
Density / Sq Mi
$59,663
Median Household Income
$36,392
Median Earnings
$901
Median Rent
$282,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Attached residences offer separate entrances, individual utility meters, and distinct bedroom configurations.
Where is this duplex located?
The property is located at 5201 Grande Dr NW Albuquerque, NM.
What is the asking price?
The asking price for this property is $360,000.
What are key features of this property?
This property features: Two attached residences totaling 1,898 square feet; Separate entrances and individual gas and electric meters; Front residence includes 2 bedrooms, 1 full bath, and wood floors
